Fonterra Provides updates to 2020/21 Milk Price Forecasts:
|Fonterra Provides updates To 2020/21 Milk Price Forecasts have been released as follows:
- Fonterra Lowers 12 Month Skim Milk Powder Auction Volume By 10000 Tons.
- Fonterra Raises 2020-21 Milk Price Forecast Midpoint To NZ$6.40.
- Fonterra Raises 2020-21 Milk Price Forecast To NZ$5.90 To NZ$6.90/KG.
- Fonterra Cuts 2019-20 Milk Price Forecast Midpoint To NZ$7.15.
- Cites An Improvement In Market Conditions In China.
The company is responsible for approximately 30% of the world's dairy exports and with revenue exceeding NZ$17.2 billion, is New Zealand's largest company
Meanwhile, the NZD underperformed as risk sentiment took a hit following disappointing US labour market data and carrying on from the Asia session.
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